November 8, 2019

PaxForex Broker Service Review. A MT4 FX and CFD broker with Equinix LD4 and NY4 trading servers.

Trade with passion. PaxForex offers the online trading environment with the most advanced trading platform.

PaxForex Broker Service Review. A MT4 FX and CFD broker with Equinix LD4 and NY4 trading servers.

paxforex official website english screenshot
PaxForex Official Website

Who is PaxForex?

PaxForex is an online FX and CFD broker founded in 2011.

PaxForex is a brand name of Abaunion Limited.

The broker is regulated and licensed by Labuan IFSC (Labuan International Business and Financial Centre).

PaxForex offers comprehensive trading environment and tools needed by both novice and professional traders.

From educational materials to market analyses, you can find many tools for free by registering with PaxForex.

PaxForex’s team of supporting professionals provide a level of service that is second-to-none.

Working around the clock ensures clients and partners are continually supported.

PaxForex’s client support team are fully trained to handle enquires in multiple languages.

Technical assistance is available 24 hours a day to provide leading and instant support for any technical, MT4, trading or market enquiries.

Go to PaxForex Official Website

Regulation and Segregated Banks of PaxForex

When entering the multi-trillion dollar a day markets, clients look for a broker they can trust, who can deliver excellence without diluting any of the services offered.

PaxForex provides a fully secure and regulated trading environment using the STP forex model that is supported by full market depth liquidity.

At PaxForex, they have made every effort to ensure that their clients and partners benefit from a fully regulated and secure trading environment.

PaxForex understands the importance of delivering transparency, security and most of all the peace-of-mind that all of the clients’ merit.

Ultimately, PaxForex has created a platform and trading environment for the clients to trade forex with full confidence.

PaxForex prides itself on the unrivalled protection and security of clients’ funds.

All deposits remain fully protected as they are kept separately from company funds and are held at globally recognised banks.

For the list of all fund deposit and withdrawal methods of PaxForex, visit the page here.

This ensures that funds belonging to clients cannot be used for any other unauthorised purpose.

Visit PaxForex Official Website

Trading Conditions of PaxForex

In PaxForex’s trading accounts, you can trade various financial instruments of Forex, Precious Metals, Stocks and Cryptocurrency pairs.

The available trading platform is MT4 (MetaTrader4) which is compatible with many types of devices including Windows, MAC, Android and iOS devices.

The available Cryptocurrency pairs are of Bitcoin, Ethereum, Litecoin and Ripple.

PaxForex uses tradings servers in London (Equinix LD4) and New York (Equinix NY4).

The maximum leverage is 1:500.

The minimum trading cost is spread as low as 0.4 pips.

You can start trading with PaxForex from $100 of minimum deposit.

Open PaxForex Real or Demo Account

Comparison of PaxForex Account Types

By signing up with PaxForex, you can choose from the following 4 account types.

Account Types Cent Mini Standard VIP
Required Minimum Deposit $10 $100 $2,000 $10,000
Account Base Currencies USD USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP
Minimum Forex Spread 2.4 pips 1.4 pips 0.4 pips 0.4 pips
Trading Commission None None None None
Forex Leverage 1:1 – 1:500 1:1 – 1:500 1:1 – 1:500 1:1 – 1:500
Available Low Volume 0.0001 (1 lot = 1,000) 0.01 (1 lot = 100,000) 0.1 (1 lot = 100,000) 0.01 (1 lot = 100,000)
Forex Trading Available Available Available Available
Gold and Silver Trading Available Available Available Available
Shares (Stock) Trading Not Available Not Available Available Available
Stop Out % 20% 5% 5% 5%
VPS Service $25 per month $25 per month $25 per month Free
Islamic Swap Free Account Not Available Available Available Available

Trading forex with PaxForex is based on the STP and DMA model (Direct Market Access).

Liquidity is supplied by the FX banks and ensures total anonymity, full market depth and large order execution capabilities.

Tailored solutions are available for Fund Managers, Hedge Funds, professional and private traders.

Each account type has different advantage, and with PaxForex, you can also use all account types to diversify your trading strategies.

PaxForex has also prepared a Islamic Swap-Free account for Muslims.

The Islamic Swap-Free account can only be opened upon request after account opening.

Open PaxForex Real or Demo Account

1. Cent Forex Account

PaxForex’s Cent account is suited for traders who want to start small.

The Cent account allows you to trade from $0.1 worth of volume.

The lot size (contract size) in PaxForex’s Cent account is 1,000 units. And the minimum trading volume is 0.0001 lot.

On PaxForex’s Cent account, you can start trading from 10 USD of minimum deposit amount, while the recommended deposit amount 100 USD.

If you are beginner to Forex trading, then PaxForex’s Cent account get you started from small amount.

Open PaxForex Cent Account

2. Mini Forex Account

PaxForex’s Mini account type is suited for traders who want to start small, but with the standard conditions.

While PaxForex’s Mini account type accepts deposits from 100 USD, you can trade with the standard FX trading conditions.

The Forex spread is tighter than the Cent account, and the lot size is 100,000 units.

PaxForex’s Mini account will allow you to invest in the Forex market without exposing too much risks.

Open PaxForex Mini Account

3. Standard Forex Account

For traders who can’t device which account is better for your trading strategy, PaxForex’s Standard account can be the best option.

PaxForex’s Standard account has the lowest Forex spread among other account types, which is 0.4 pips.

PaxForex’s Standard account has the very standard conditions with extra merits such as “Personal Education”, “Personal Manager” and “Trading of Shares”.

You can use PaxForex’s Standard account from 2,000 USD of minimum deposit amount.

Open PaxForex Standard Account

4. VIP Forex Account

PaxForex’s VIP account is dedicated for professional traders with deposit above $10,000.

By opening PaxForex’s VIP account, you can get all the advantages of the broker’s service.

Traders of PaxForex’s VIP account can benefit from priority execution.

By holding PaxForex’s VIP Forex Account, you can also have free access to their VPS (Virtual Private Server) to run EAs (Expert Advisers) on MT4 24/7 non-stop.

Open PaxForex VIP Account

5. Islamic Swap-Free Forex Account

PaxForex’s Islamic Swap-Free account is available only for traders of Muslim beliefs who cannot earn or pay any interest due to Sharia law.

PaxForex’s Islamic Swap-Free account charges and credits no overnight financing fees, but you can hold positions without worrying about such conditions.

To open PaxForex’s Islamic Swap-Free account, please first signup for PaxForex online and send a request before making a deposit.

Go to PaxForex Official Website

What you can invest in with PaxForex?

By opening one trading account with PaxForex, you can invest in over 100 financial markets from different asset classes including Forex, Metals, Cryptocurrency and Stocks.

To invest in different markets at the same time, you do not need to open other accounts.

Which market are you interested in investing? Here are the introductions of the 4 main markets available for trading on PaxForex MT4.

Note that you cannot invest in Stocks (Shares) on Cent and Mini account types, but on Standard and VIP account types.

Open PaxForex Real or Demo Account

1. Forex Currency Pairs

Forex currency pairs are the most popular markets among online investors on PaxForex MT4.

On PaxForex MT4, you can trade all kinds of Forex currency pairs including majors, minors and exotics with no extra commissions.

The trading cost is as low as 0.4 pips which equals to only $4 per 100,000 dollars worth of transaction.

When trading Forex currency pairs on PaxForex MT4, you can also benefit from the high leverage up to 1:500.

Note that the trading cost is different depending on the account type you choose.

Visit PaxForex Official Website

2. Gold and Silver (Precious Metals)

On all account types of PaxForex, you can also invest in Precious Metals (Gold and Silver).

On PaxForex MT4, you can utilize up to 1:100 leverage for trading of Gold and Silver.

The trading conditions of Gold and Silver on PaxForex MT4 are as follows.

Precious Metals Contract Size (Lot Size) Minimum Trading Volume 1 Pip Value
Gold 100 oz 0.1 lots 1 USD
Silver 5,000 oz 0.1 lots 50 USD

Open PaxForex Real or Demo Account

3. Shares (Stocks)

PaxForex has picked up all the popular stocks and offers them in a form of CFD (Contract For Difference).

The available stocks (shares) for trading include major companies such as Apple, Facebook, Microsoft, Alibaba, Google, Bank of America, Amazon and Twitter.

On PaxForex, you can profit from both rising and falling market prices, and also the high leverage up to 1:4.

Note that stock trading is available only for the Standard and VIP account types.

On PaxForex, you can follow the trend of the world’s financial market by participating easily on the MT4.

Visit PaxForex Official Website

4. Cryptocurrency pairs

On PaxForex MT4, you can also invest in Cryptocurrency markets.

The available Cryptocurrencies for trading are Bitcoin, Ethereum, Ripple and Litecoin, and they are all paired with USD.

The Cryptocurrency market price involves particular market trend, high volatility and unprecedented opportunities.

Trading financial assets with high volatility such as Cryptocurrency pairs include higher risks, but PaxForex will limit the maximum loss with the NBP (Negative Balance Protection).

Signup for PaxForex

Deposit and Withdrawal of PaxForex

To PaxForex’s live trading accounts, there are many methods to deposit funds including bank wire transfer, online wallets, credit/debit cards and Cryptocurrency (Bitcoin and Ethereum).

For traders, PaxForex recovers all fees for deposits of $300 or above (except for a Bank transfer).

The available base currencies are USD, EUR, GBP and CHF.

In case you transfer funds of different currencies than your account’s base currency, the amount will be converted by the service providers automatically.

PaxForex makes sure to process 90% of all deposits within 7 min and 75% of withdrawals in less than 30 min.

With PaxForex, all your funds are held in segregated accounts, specially designated as “Clients Accounts”.

Visit PaxForex Official Website

List of Fund Deposit Methods for PaxForex MT4

Please refer to the below table for the list of all fund deposit methods available for PaxForex MT4.

Funding Methods Processing Time Minimum Deposit Amount Commission
Neteller 1 hour 10 USD 3.2% -3.7% + $0.29 (Minimum Fee is $1)
Bank Transfer 3 to 5 working days 100 USD Fees by Intermediary Banks
VISA and Mastercard 1 hour 15 USD 3.75% – 8.5% + $0.5 (depends on the country)
Skrill (Moneybookers) 1 hour 10 USD 2.9% – 3.9% + $0.38
Perfect Money 1 hour 10 USD None
WebMoney 1 hour 10 USD 0.8%
QIWI 1 hour 10 USD 4%
FasaPay 1 hour 10 USD 0.5%
Bitcoin 24 hours 0.01 BTC None
Ethereum 24 hours 1 ETH None
For credit and debit cards (VISA and Mastercard), the commission is zero for deposit above $300.

To make a deposit to your PaxForex MT4 account, follow the easy steps below.

  1. Login to myPaxForex from PaxForex Official Website
  2. Go to page “Deposit/ Withdrawal”
  3. Fill Deposit Forex form according to the instructions

Go to PaxForex Official Website

List of Fund Withdrawal Methods for PaxForex MT4

Please refer to the below table for the list of all fund withdrawal methods available for PaxForex MT4.

Withdrawal Methods Processing Time Minimum Withdrawal Amount Commission
Neteller 1 Business Day 10 USD None
Bank Transfer 1 Business Day 100 USD Fees by Intermediary Banks
VISA and Mastercard 1 Business Day 15 USD 5.5% (Minimum fee is 10 USD)
Skrill (Moneybookers) 1 Business Day 10 USD 1% to 3.9% + 0.35 USD
Perfect Money 1 Business Day 10 USD 2.5%
WebMoney 1 Business Day 10 USD 0.8%
QIWI 1 Business Day 10 USD 1%
FasaPay 1 Business Day 10 USD 0.5%
Bitcoin 1 Business Day 10 USD 7% + 0.0006 BTC
Ethereum 1 Business Day 10 USD 7%

To make a fund withdrawal from your MT4 account, please login to the client portal from PaxForex Official Website.

Go to PaxForex Official Website

Download PaxForex MT4 (MetaTrader4) for free

PaxForex has chosen the most popular trading platform in the world, MT4 as the base platform for Forex trading.

To trade Forex, Metals, Stocks and Cryptocurrency pairs, you must login to PaxForex MT4.

PaxForex MT4 is where you can access to over 100 financial markets, analyse the market trends and place orders.

PaxForex MT4 is compatible for any popular devices including Windows, Android, iPhone, iPad, iPod and MAC.

To download PaxForex MT4, visit PaxForex Official Website and find the download links.

Download PaxForex MT4 platforms

Merits of using PaxForex MT4 platforms
  1. Simple and User friendly interface
    Are you new to MT4 (MetaTrader4) trading platforms? The platform is easy to use. You can also refer to MT4 User Guide.
  2. Customizable view
    PaxForex MT4 is easily customizable. You can put any group of colors for every forex chart to make the platform your style.
  3. Three Major types of forex charts
    PaxForex MT4 supports 3 different chart patterns including Bars, Candlesticks and Line Chart. Switching between chart patterns is easy with one click.
  4. Nine time frames
    Analysis of the market is always important. See different time frames to understand the market trend in long term and short term.
  5. More than 50 built-in indicators
    PaxForex MT4 has built-in customer indicators for free that help traders during the analyzing process.
  6. Ability to use as many indicators on one chart
    Once you download PaxForex MT4, the platform is all yours. Apply any types of indicators as many as you want to see through the market.
  7. Multiple chart setups
    On PaxForex MT4, you can monitor multiple market charts at the same time. Are you trading multiple markets? Don’t worry, you just need to open more charts to monitor them all at once.
  8. Automated trading, and real-Time data export via DDE protocol
    PaxForex MT4 supports use of EAs (Expert Advisers). Do you prefer automated trading robot for trading Forex? Run it on PaxForex MT4 unlimited.

Visit PaxForex Official Website

PaxForex Trading Servers for Fast Execution

One of PaxForex’s main focuses is on the “Execution Quality” and “Speed”.

PaxForex achieves this by deploying IT infrastructures in Equinix data centers in London (Equinix LD4) and New York (Equinix NY4).

PaxForex connects these servers to the major exchanges (liquidity providers) with fibre optic cables to establish stable and fast connection.

Take advantage PaxForex’s fast execution to experience less slippage on MT4.

PaxForex is running 100% Loyalty Deposit Bonus promotion for all traders. Join the promotion today to get up to $30,000 extra margin on your MT4 account. How to receive PaxForex 100% Loyalty Deposit Bonus?

Open PaxForex Real or Demo Account

How to open FX account and Start trading with PaxForex?

  1. Register yourself a client area (here)
    PaxForex’s Client Area is a useful tool for your funds management and trading account management. It contains loads of useful information as well. After registration you will get an access to all PaxForex’s services and also will be able to a trade on forex.
  2. Download PaxForex MT4 terminal
    It’s necessary to download the trading terminal to start trading. PaxForex MT4 is a modern, functional terminal, available for installation to pc as well as to all mobile devices from PaxForex Official Website.
  3. Try yourself on demo-account
    PaxForex’s Demo-account gives you an opportunity to get experience of real trading with virtual money without risking your own real money.
  4. Open real trading account using your Client Area
    Choose your trading account type (Cent, Mini, Standard or VIP) and leverage.
  5. Make a deposit to your real trading account
    Once you have mastered trading on demo-account, make a deposit to your real account and start earning real money.
  6. Conduct successful trading on PaxForex MT4
    Choose the most appropriate type of account. Get profit not only from currency trading, but from indices, futures, gold and silver trading. Be sure to check the trading conditions of different account types and contract specifications.

Go to PaxForex Official Website

Why invest in Forex and CFDs with PaxForex?

There are many reasons to choose PaxForex as your broker, and we have picked up some reasons here for you.

  • No Dealing Desk Intervention
    On PaxForex MT4, all orders are executed directly through to a selection of regulated and leading liquidity providers.
  • Trading Anonymity
    Anonymous trading allows PaxForex to accept and protects all trading strategies against any manipulation.
  • Award-winning MT4 Platform
    The PaxForex MetaTrader 4 is the preferred choice for professional traders and is the most advanced trading platform available in the forex market.
  • No Re-quotes
    PaxForex’s STP and DMA trading model protects clients from any third party manipulation and dealing desk re-quotes.
  • Competitive Pricing
    Best bid and ask pricing ensures that trades are executed at the most competitive prices. Smart pricing creates competition between leading liquidity providers that drives down forex spreads.
  • Personal Segregated Accounts
    PaxForex offers its clients a unique service of opening a personal segregated account which provides ultimate protection for clients.
  • Pioneering Gold Trading
    PaxForex provides a dedicated programme for Forex and gold traders with best pricing and highest rewards.
  • STP and DMA Forex Model
    Trading forex with a broker that offers a no conflict-of-interest policy is critical to ensure protection against manipulation.
  • Interbank Conditions
    All clients of PaxForex benefit from interbank trading conditions that provides for commercial turnover and trading directly with leading banks.
  • High-Speed Execution
    Not having the ability to execute orders in a fast and reliable way, renders all other benefits useless. It’s ALL about speed. Experience PaxForex’s leading forex execution.
  • Leading Liquidity
    Wide range of world banks provide liquidity to PaxForex to ensure stability, full market depth and low forex pricing.
  • Cutting Edge Technology
    Using the latest technologies to automate all bid and ask prices in all trading platforms, orders are executed at the lowest possible prices without re-quotes.
  • Segregated Clients Funds
    All funds held by PaxForex on behalf of clients are kept separate from company funds (fund segregation) in leading banks.

PaxForex Broker Service Review. A MT4 FX and CFD broker with Equinix LD4 and NY4 trading servers.

Service Details

Company
PaxForex
(Abaunion Limited)
Rating Traders Rating
4.3 rating based on 3 ratings
4.3/5 3
Regulations Regulations & Licenses
Founded Founded in 2011 (9 years)
Max Lev Maximum Leverage

Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.

USA clientsNot Accepted
JPN clientsAccepted
Country BaseSt Vincent and the Grenadines
Headquaters 1825, Cedar Hill Crest, Villa, Kingstown, St Vincent and the Grenadines

Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.

Funds

Cryptos Available Crypto-Currencies
Negative Balance Offer Negative Balance Protection
Client Funds Safety Segregated
Deposits Deposit Methods
Withdrawals Withdrawal Methods

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